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← VIRGINIA COMMUNITY DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by VIRGINIA COMMUNITY DEVELOPMENT CORP.

Totals

Total revenue
$2,520,531
Total expenses
$2,798,582
Contributions and grants received
$108,845
Grants paid
$0
Program service revenue
$2,325,393
Investment income
$86,293
Other revenue
$0
Total assets, end of year
$7,911,037
Total liabilities, end of year
$580,414
Net assets or fund balances, end of year
$7,330,623
Program services expenses (Part IX)
$2,013,003
Management and general expenses
$785,579
Fundraising expenses
$0
Program service expenses (Part III)
$2,013,003

Program services were 71.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Philip Brooks

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Monica Jefferson

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Karen R Wilds

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert J Adams

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Neil Amin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Chiappa

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susan Dewey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Klick

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tyrone E Sessoms

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Earlene Powell

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Manju Ganeriwala

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Knopf

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jason Long

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert L Newman

    President & CEO

    Total calculated
    $263,092
    From this org
    $221,913
    From related orgs
    $0
    Other
    $41,179
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $221,913
    Bonus
    $0
    Other
    $0
    Deferred
    $22,400
    Nontaxable benefits
    $18,779
    Filer's total
    $263,092

  • Chris Sterling

    Vice President and COO

    Total calculated
    $214,127
    From this org
    $170,900
    From related orgs
    $0
    Other
    $43,227
    Hours/week
    34

    Schedule J breakdown matched by us

    Base
    $170,913
    Bonus
    $0
    Other
    $0
    Deferred
    $18,000
    Nontaxable benefits
    $25,227
    Filer's total
    $214,140

  • Jeff Meyer

    Director of Project Development

    Total calculated
    $157,181
    From this org
    $142,500
    From related orgs
    $0
    Other
    $14,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,500
    Bonus
    $0
    Other
    $0
    Deferred
    $14,250
    Nontaxable benefits
    $432
    Filer's total
    $157,182

  • Russ Parrish

    Treasurer/Chief Financial Officer

    Total calculated
    $173,728
    From this org
    $142,164
    From related orgs
    $0
    Other
    $31,564
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $142,164
    Bonus
    $0
    Other
    $0
    Deferred
    $15,200
    Nontaxable benefits
    $31,564
    Filer's total
    $188,928

  • Bernard Rogers

    Director of Equity Funds & Investor Relations

    Total calculated
    $177,125
    From this org
    $134,924
    From related orgs
    $0
    Other
    $42,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,924
    Bonus
    $0
    Other
    $0
    Deferred
    $14,250
    Nontaxable benefits
    $27,951
    Filer's total
    $177,125

  • Steve Bleile

    Director of Project Development

    Total calculated
    $159,553
    From this org
    $131,714
    From related orgs
    $0
    Other
    $27,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,714
    Bonus
    $0
    Other
    $0
    Deferred
    $13,500
    Nontaxable benefits
    $14,339
    Filer's total
    $159,553

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Virginia Community Development Advisory Services

    Advisory · VA

    Directly controlled by NA

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202543219349305719

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